Brazil Market Report Headlines

STXNEWS LATAM-Goldman cuts estimates on Brazil steelmakers

Goldman Sachs Group analysts led by Marcelo Aguiar cut on Tuesday the estimates for operational earnings and price targets for Brazilian steelmakers Gerdau , CSN and Usiminas , as an expected deterioration in the global macroeconomic scenario is hampering the outlook for steel prices around the world.

STXNEWS LATAM-Vinci, CEF to raise Brazil small-caps fund-Valor

Brazilian state-owned lender Caixa Economica Federal and Vinci Partners, a local buyout firm, are considering raising a 500 million reais ($270 million) fund to invest in listed companies with small market capitalization, Valor Economico reported on Tuesday, citing Mario Campos, a senior partner at Vinci.